Partial Surrender on an Investment Bond

I have an investment bond, and i have had about 3 partial surrenders. i have been given a chargeable event certificate each time, but i'm unsure on what these mean. do i have to pay tax on my partial surrenders? i currently earn 12147.00 a year.

Hi,

It will depend on the amount of surrender each year, as the income may bring you into the higher rate tax bracket. You can see guidance here:

Gains on UK life insurance policies (Self Assessment helpsheet HS320)

Thank you.